Sam Bankman-Fried

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Sam Bankman-Fried
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Occupation CEO and founder
Employer FTX
Location Bahamas
Twitter @https://twitter.com/SBF_FTX
LinkedIn Profile
Website https://ftx.com/

Sam Bankman-Fried is an entrepreneur and crypto exchange executive who is the CEO of crypto-asset exchange FTX and Alameda Research, a quantitative cryptocurrency trading firm and liquidity provider. He is known as SBF. He is one of the richest people in crypto, with a net worth of approximately $24 billion.

Most of his wealth, which he says he will eventually donate to charity, is tied up in ownership of about half of FTX and a share of its FTT tokens.[1]

FTX has spent about $1 billion on acquisitions and, according to Bankman-Fried, may be interested in payments businesses, non-fungible token (NFT) firms, and the metaverse.[2]

Background[edit]

Bankman-Fried manages $2.5 billion of assets through Alameda Research, according to Forbes. Alameda Research is the quantitative crypto trading firm he founded in 2017. A former Wall Street ETF trader, he also launched FTX, a crypto derivatives exchange, in 2019. Previously, he was a trader at Jane Street, a quantitative trading firm and liquidity provider. [3]

He launched Alameda Research in Hong Kong and he helped in the creation of crypto coin Serum, aka SRM.[4]

Before creating Alameda Research, Bankman-Fried was hired by the Oxford-based Centre for Effective Altruism as the director of development.

Education[edit]

Bankman-Fried attended the Massachusetts Institute of Technology, where he majored in physics and graduated with a degree in 2014. [5]

Testimony[edit]

  • U.S. Senate Committee on Agriculture, Nutrition and Forestry[6]
  • U.S. House of Representatives Committee on Financial Services[7]

References[edit]

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